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NFLX vs. XSP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NFLX vs. XSP.TO

Last updated Jun 13, 2026

NFLX (Netflix, Inc.) is a stock, while XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NFLX returned 23.92%/yr vs 12.43%/yr for XSP.TO. At a 0.37 correlation, their price movements are largely independent.

Performance

NFLX vs. XSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Netflix, Inc. (NFLX) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NFLX is traded in USD, while XSP.TO is traded in CAD. To make them comparable, the XSP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NFLX achieves a -14.31% return, which is significantly lower than XSP.TO's 5.60% return. Over the past 10 years, NFLX has outperformed XSP.TO with an annualized return of 23.92%, while XSP.TO has yielded a comparatively lower 12.43% annualized return.

NFLX

1D
-1.14%
1M
-7.68%
YTD
-14.31%
6M
-15.60%
1Y
-33.72%
3Y*
22.62%
5Y*
10.45%
10Y*
23.92%

XSP.TO

1D
0.31%
1M
-2.90%
YTD
5.60%
6M
6.46%
1Y
19.70%
3Y*
17.06%
5Y*
7.90%
10Y*
12.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NFLX vs. XSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NFLX
Netflix, Inc.		-14.31%5.19%83.07%65.11%-51.05%11.41%67.11%20.89%39.44%55.06%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		5.60%21.22%13.76%27.36%-24.13%24.33%17.96%34.93%-13.52%29.45%

Correlation

The correlation between NFLX and XSP.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.37

The correlation between NFLX and XSP.TO shifts across timeframes, from 0.18 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

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Netflix, Inc.

iShares Core S&P 500 Index ETF (CAD-Hedged)

Often compared with NFLX:
NFLX vs. NVDANFLX vs. SPYNFLX vs. TSLANFLX vs. AAPLNFLX vs. MSFTNFLX vs. NFLYNFLX vs. WBD
Often compared with XSP.TO:
XSP.TO vs. XUS.TOXSP.TO vs. XEQT.TOXSP.TO vs. ZSP.TOXSP.TO vs. VSP.TOXSP.TO vs. XIU.TOXSP.TO vs. XQQ.TOXSP.TO vs. VFVA

Return for Risk

NFLX vs. XSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NFLX
NFLX Risk / Return Rank: 88
Overall Rank
NFLX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
NFLX Sortino Ratio Rank: 77
Sortino Ratio Rank
NFLX Omega Ratio Rank: 77
Omega Ratio Rank
NFLX Calmar Ratio Rank: 1313
Calmar Ratio Rank
NFLX Martin Ratio Rank: 1111
Martin Ratio Rank
XSP.TO
XSP.TO Risk / Return Rank: 6060
Overall Rank
XSP.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XSP.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XSP.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XSP.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XSP.TO Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFLX vs. XSP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

NFLXXSP.TODifference
Sharpe ratioReturn per unit of total volatility
-1.03
1.42

-2.45

Sortino ratioReturn per unit of downside risk
-1.46
1.98

-3.43

Omega ratioGain probability vs. loss probability

0.81

1.25

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.78

1.63

-2.41

Martin ratioReturn relative to average drawdown

-1.35

6.95

-8.30

NFLX vs. XSP.TO - Sharpe Ratio Comparison

The current NFLX Sharpe Ratio is -1.03, which is lower than the XSP.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of NFLX and XSP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NFLX vs. XSP.TO - Drawdown Comparison

The maximum NFLX drawdown since its inception was -81.99%, which is greater than XSP.TO's maximum drawdown of -69.22%. Use the drawdown chart below to compare losses from any high point for NFLX and XSP.TO.

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Drawdown Indicators

NFLXXSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.99%

-69.22%

-12.77%

Max Drawdown (1Y)

Largest decline over 1 year

-43.35%

-11.63%

-31.72%

Max Drawdown (3Y)

Largest decline over 3 years

-43.35%

-19.45%

-23.90%

Max Drawdown (5Y)

Largest decline over 5 years

-75.95%

-33.34%

-42.61%

Max Drawdown (10Y)

Largest decline over 10 years

-75.95%

-41.38%

-34.57%

Current Drawdown

Current decline from peak

-40.01%

-3.55%

-36.46%

Average Drawdown

Average peak-to-trough decline

-24.91%

-13.14%

-11.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

25.19%

2.72%

+22.47%

Volatility

NFLX vs. XSP.TO - Volatility Comparison

Netflix, Inc. (NFLX) has a higher volatility of 5.85% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 4.62%. This indicates that NFLX's price experiences larger fluctuations and is considered to be riskier than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NFLXXSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

4.62%

+1.23%

Volatility (6M)

Calculated over the trailing 6-month period

24.58%

10.33%

+14.25%

Volatility (1Y)

Calculated over the trailing 1-year period

33.05%

13.32%

+19.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.09%

18.01%

+25.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.49%

19.50%

+21.99%

Dividends

NFLX vs. XSP.TO - Dividend Comparison

NFLX has not paid dividends to shareholders, while XSP.TO's dividend yield for the trailing twelve months is around 1.14%.

PositionTTM20252024202320222021202020192018201720162015
NFLX
Netflix, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)		1.14%1.23%1.09%1.18%1.37%1.01%1.31%1.73%1.86%1.45%1.76%1.88%

Frequently Asked Questions

NFLX and XSP.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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